GGG - Eric Etchart At Graco Capitalizes: Options Exercised Resulting In $883K | Benzinga
A significant insider transaction involving the exercise of company stock options was reported on February 6, by Eric Etchart, Board Member at Graco (NYSE:GGG), as per the latest SEC filing.
What Happened: A notable Form 4 filing on Tuesday with the U.S. Securities and Exchange Commission revealed that Etchart, Board Member at Graco, exercised stock options for 14,258 shares of GGG, resulting in a transaction value of $883,914.
Currently, Graco shares are trading down 0.0%, priced at $86.08 during Tuesday's morning. This values Etchart's 14,258 shares at $883,914.
Unveiling the Story Behind Graco
Graco manufactures equipment used for managing fluids, coatings, and adhesives, specializing in difficult-to-handle materials. Graco's business is organized into three segments: industrial, process, and contractor. The Minnesota-based firm serves a wide range of end markets, including industrial, automotive, and construction, and its broad array of products include pumps, valves, meters, sprayers, and equipment used to apply coatings, sealants, and adhesives. The firm generated roughly $2.2 billion in sales in 2023.
Graco: Financial Performance Dissected
Revenue Growth: Graco's remarkable performance in 3 months is evident. As of 31 December, 2023, the company achieved an impressive revenue growth rate of 5.0%. This signifies a substantial ...